Ann: Axiom Mining raises $3m and appoints additio, page-8

re: Ann: Axiom Mining raises $3m and appoints... ? $3m raised via a Private Placement of shares
? Company fully funded into 2014
? Drake Private Investment LLC moves to 21% shareholding
? Mr Anthony Faillace to be appointed as Non-Executive Director
? Axiom’s CEO commits for additional three years
Axiom Raises Additional $3m
Axiom Mining Limited (“Axiom” or “the Company”) is pleased to advise that it has successfully raised
$3m via a Private Placement of shares, putting the Company into a fully funded position through to
2014. The entirety of the funds will be provided by Drake Private Investments LLC (“Drake”), Axiom’s
largest shareholder, taking Drake’s shareholding to 21% of the Company’s issued capital.
The $3m funding was through a private placement of 150,000,000 shares issued at a price of $0.02,
with 25,000,000 attaching options struck at $0.02, expiring on 15 February, 2016.
Drake is a prominent New York-based hedge fund with significant experience investing in emerging
and developing markets. Drake has investments in numerous developments and opportunities
around the world including in the Middle East, Africa, South America and Asia Pacific.
Drake has made it clear to the Board that they will continue to be an important pillar of funding for
any further developments as the Company enters this critical growth phase.
Axiom is incorporated in Hong Kong and is governed by Hong Kong Companies Ordinance with
respect to its shareholdings. Accordingly, there are no limitations on the number of securities that
may be held by a shareholder, nor are there any equivalent provisions to the takeover provisions in
Chapter 6 of the Australian Corporations Act 2001 (Cth).
Drake’s Founder, Mr Anthony Faillace to be appointed as Non-Executive Director
Mr Anthony Faillace, Drake’s Founder and Chief Investment Officer, has agreed to be appointed as a
Non-Executive Director of Axiom. Prior to founding Drake, Mr Faillace was a Managing Director and
Senior Portfolio Manager at BlackRock Inc., an international investment management firm. Before 2
joining BlackRock, Mr Faillace spent five years at Pacific Investment Management Company (PIMCO)
where he led the firm's discussion on international and emerging markets at the annual secular
forum strategy sessions.
Mr Faillace has a Bachelor of Science from the University of Texas at Austin and a Master of Business
Administration from the Kellogg School of Management, Northwestern University
Mr Faillace has recently spent considerable time with Axiom’s Board and senior management, and
has reviewed the Company’s assets in the Solomon Islands. He has also attended formative meetings
with the various stakeholders who will play a critical role in the Company’s development over the
coming months, including senior officials from the Solomon Islands Government and the customary
landowners.
Commenting on his appointment to the Board, Mr Faillace said: “Axiom’s assets in the Solomon
Islands are clearly of major significance, and there is a real commitment from the Solomon Islands
Government to facilitate the development of the Isabel Nickel Deposit. I am excited to be directly
involved in this process as a Board member of Axiom.”
Axiom’s CEO, Mr Ryan Mount Commits for Three More Years
Mr Ryan Mount has led Axiom for the past three years. During this time, he has relisted the
Company on the Australian Stock Exchange (ASX), secured key assets, established operations in
Solomon Islands, Australia and Vietnam - and importantly, defended the Company’s rights to the
Isabel Nickel Deposit.
Mr Mount has agreed to a new three year term with Axiom.
On his re-signing Mr Mount said: “I am pleased to be part of this next exciting phase of the
Company’s transformation. I look forward to ensuring we complete the Company’s objectives of
realising optimal value from our Australian and Vietnam projects. Most importantly, I am focussed
on being back on Isabel to develop the world-class nickel deposit